Rajnandini Metal Limited has informed the Exchange regarding Outcome of Board Meeting held on February 27, 2026.
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Rajnandini Metal Limited's Board of Directors met on February 27, 2026, and accepted the resignation of Mr. Sanjay Choudhary as Chairman & Managing Director, effective from the close of business hours on the same day. Mr. Choudhary cited other professional commitments as the reason for stepping down. The Board simultaneously approved the appointment of Mr. Ashok Kalra, who is already an existing Executive Director of the company, as the new Chairman & Managing Director for a 3-year term (Feb 27, 2026 to Feb 26, 2029), subject to shareholder approval. A postal ballot will be held to seek shareholders' approval for Mr. Kalra's appointment and the re-appointment of two independent directors (Mr. Sanjeev Chhaudha and Mr. Arun Sharma) for a second term.
The CMD-level transition is a key management change. Since Mr. Kalra is an internal promotion from Executive Director to Chairman & MD, this signals continuity in leadership rather than a complete overhaul. Shareholders should watch the postal ballot outcome and any further clarifications from the company about the reasons behind the previous CMD's exit.